Silverlake Wealth Management LLC Invests $1. 91 Million in Kimberly-Clark Corporation $KMB
Silverlake Wealth Management LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,419 shares of the company's stock, valued at ap
Silverlake Wealth Management LLC purchased a new position in Kimberly-Clark Corporation (NASDAQ:KMB-Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,419 shares of the company's stock, valued at approximately $1,912,000. GetKimberly-Clarkalerts:5 Baby Boomer Stock Favorites Now Trading at a DiscountOther hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Kimberly-Clark during the second quarter worth $239,612,000. Focus Partners Advisor Solutions LLC acquired a new stake in Kimberly-Clark in the second quarter valued at $364,000. S&CO Inc. acquired a new stake in Kimberly-Clark in the second quarter valued at $1,307,000. Orca Investment Management LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $245,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Kimberly-Clark in the second quarter valued at $570,000. 76. 29% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and DowngradesKMB has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of Kimberly-Clark from $100. 00 to $110. 00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 8th. Seaport Research Partners raised shares of Kimberly-Clark to a "buy" rating in a research note on Tuesday, August 4th. TD Cowen raised their target price on shares of Kimberly-Clark from $96. 00 to $104. 00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Freedom Capital upgraded shares of Kimberly-Clark from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Finally,Weiss Ratingsraised shares of Kimberly-Clark from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Kimberly-Clark currently has a consensus rating of "Hold" and an average target price of $117. 93. Starbucks Gets a Jolt After Earnings, But Will the Buzz Last?Check Out Our Latest Stock Analysis on Kimberly-ClarkKimberly-Clark Stock PerformanceKimberly-Clark stockopened at $110. 39 on Friday. Kimberly-Clark Corporation has a fifty-two week low of $92. 42 and a fifty-two week high of $136. 17. The company has a market capitalization of $36. 71 billion, a price-to-earnings ratio of 18. 77, a PEG ratio of 5. 25 and a beta of 0. 26. The stock has a fifty day moving average of $108. 10 and a two-hundred day moving average of $103. 13. The company has a debt-to-equity ratio of 3. 45, a quick ratio of 0. 69 and a current ratio of 0. 91. Bullseye Bounce: Toms Capital Takes a Stake in TargetKimberly-Clark (NASDAQ:KMB-Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1. 80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2. 01 by ($0. 21). The company had revenue of $4. 19 billion during the quarter, compared to analysts' expectations of $4. 22 billion. Kimberly-Clark had a net margin of 11. 79% and a return on equity of 143. 92%. The firm's revenue was up . 6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1. 92 earnings per share. On average, analysts anticipate that Kimberly-Clark Corporation will post 7. 43 EPS for the current fiscal year. Kimberly-Clark Announces DividendThe company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 4th will be issued a $1. 28 dividend. This represents a $5. 12 dividend on an annualized basis and a yield of 4. 6%. The ex-dividend date is Friday, September 4th. Kimberly-Clark's dividend payout ratio is 87. 07%. About Kimberly-Clark(Free Report)Kimberly-Clark Corporation is a U. S. -based multinational manufacturer of personal care and consumer tissue products. The company develops, produces and markets a range of consumer brands and professional products, including facial and bathroom tissues, disposable diapers and training pants, feminine care, incontinence products and workplace hygiene solutions. Known for consumer-facing names such as Kleenex, Huggies, Kotex, Cottonelle and Scott, as well as professional offerings under Kimberly-Clark Professional and KleenGuard, the company supplies goods to retail, healthcare and institutional customers. Founded in 1872 in Neenah, Wisconsin, Kimberly-Clark has expanded from its 19th-century paper-making roots into a global household and workplace products company. Further ReadingFive stocks we like better than Kimberly-ClarkIs Best Buy the AI Winner Hiding in the Electronics Aisle?Applied Materials Beat Everything but Wall Street’s Expectations for MarginsBack From Orbit, Intuitive Machines' Share Price Enters the Buy ZoneTexas Roadhouse and Brinker International Have the Recipe Rivals Are MissingWant to see what other hedge funds are holding KMB?Visit HoldingsChannel. comto get the latest 13F filings and insider trades for Kimberly-Clark Corporation (NASDAQ:KMB-Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat. com. 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